Majority of Holders definition

Majority of Holders. Holders holding over 50% of the aggregate principal amount of Notes outstanding; provided that, for the purpose of this Agreement, a holder of shares of Common Stock which constitute Transfer Restricted Securities shall be deemed to hold an aggregate principal amount of the Notes (in addition to the principal amount of the Notes held by such holder) equal to the quotient of (x) the number of such shares of Common Stock held by such holder and (y) the conversion rate in effect at the time of their issuance upon conversion of the Notes as determined in accordance with the Indenture.
Majority of Holders means Holders holding over 50% of the aggregate principal amount of Registrable Securities outstanding.
Majority of Holders means, at any time, the registered Holder or Holders of more than 50% of the total number of CVRs registered at such time, as set forth on the CVR Register.

Examples of Majority of Holders in a sentence

  • Direction of Proceedings and Waiver of Defaults by Majority of Holders 37 Section 6.10.

  • Direction of Proceedings and Waiver of Defaults by Majority of Holders 38 Section 6.10.

  • This Agreement may not be amended, modified or supplemented, and waivers or consents to or departures from the provisions hereof may not be given, unless the Company has obtained the written consent of a Majority of Holders.

  • Direction of Proceedings and Waiver of Defaults by Majority of Holders 36 Section 6.10.

  • Direction of Proceedings and Waiver of Defaults by Majority of Holders 39 Section 6.10.


More Definitions of Majority of Holders

Majority of Holders means Holders holding over 50% of the aggregate principal amount of Debentures outstanding; provided that, for the purpose of this definition, a holder of shares of Common Stock which constitute Transfer Restricted Securities and issued upon conversion of the Debentures shall be deemed to hold an aggregate principal amount of Debentures (in addition to the principal amount of Debentures held by such holder) equal to the quotient of (x) the number of such shares of Common Stock held by such holder and (y) the conversion rate in effect at the time of such conversion as determined in accordance with the Indenture.
Majority of Holders. Holders holding over 50% of the Transfer Restricted Securities outstanding.
Majority of Holders means any record Holder or Holders of more than 50% of the outstanding CVRs, as set forth on the CVR Register.
Majority of Holders means Holders holding more than 50% of the aggregate principal amount of the Securities outstanding; provided, that, for purpose of this definition, a Holder of shares of Common Stock that constitute Registrable Securities shall be deemed to hold an aggregate principal amount of Securities (in addition to the principal amount of Securities held by such Holder, if any) equal to the product of (x) the number of such shares of Common Stock that constitute Registrable Securities held by such Holder and (y) the Conversion Price in effect at the time of such calculation as determined in accordance with the Indenture.
Majority of Holders. Holders holding 50% in aggregate principal amount of the Debentures outstanding at the time of determination of the Majority of Holders; provided, however, that, for purposes of this definition, a holder of shares of Common Stock which constitute Transfer Restricted Securities that were previously issued upon conversion of Debentures shall be deemed to hold an aggregate principal amount of Debentures (in addition to the principal amount of Debentures held by such holder) equal to the product of (x) the number of such shares of Common Stock held by such holder and (y) the prevailing conversion price, such prevailing conversion price as determined in accordance with Section 12 of the Indenture.
Majority of Holders means the Holders holding more than 50% in aggregate principal amount of the Notes outstanding at the time of determination; provided, however, that, for purposes of this definition, a holder of Shares of Beneficial Interest that constitute Transfer Restricted Securities that were previously issued to such holder upon conversion of Notes shall be deemed to hold an aggregate principal amount of Notes (in addition to the principal amount of Notes held by such holder) equal to the product of (x) the number of such Shares of Beneficial Interest held by such holder and (y) the conversion price, at the time such Notes were converted, as determined in accordance with Article 4 of the Indenture.
Majority of Holders. Holders holding over 50% of the aggregate principal amount of Notes outstanding; provided that, for the purpose of this definition, a holder of shares of Common Stock which constitute Transfer Restricted Securities and issued upon conversion, redemption or repurchase of the Notes shall be deemed to hold an aggregate principal amount of Notes (in addition to the principal amount of Notes held by such holder) equal to the quotient of (x) the number of such shares of Common Stock held by such holder and (y) the conversion rate in effect at the time of such conversion, redemption or repurchase as determined in accordance with the Indenture.